Tucker’s Tips Tip 17-2016: VAR Contract and HOA Restrictions Tucker’s Tip 16-2016 discussed that in some situations where there is “no HOA,” there still may be a set of restrictions and covenants that limit the Purchaser’s use of the property. If a recorded set of CCRs or other type of restrictions governs property not in Read More

Tip 16-2016: NO HOA – Double Check! The VAR Contract, in Paragraph 23, “The Property Owners Association Disclosure”, indicates whether or not the property being purchased is within a Home Owners Association (HOA). However, just because the “Is Not Located” box is checked does not necessarily mean the property is free from a set of Read More

Tucker’s Tips Tip 13-2016: TRID – Last Minute Changes on the CD Here is another example of why it’s important to stay flexible during the closing process now dictated by TRID regulations. Although lenders theoretically have to tell the Purchaser how much money is needed for the closing well in advance of the actual settlement, Read More

Tip 12-2016: Choose Your Own Settlement Agent Never choose the settlement agent selected by the REO bank as the seller. That settlement agent’s primary relationship is with the REO bank. Tucker’s Tips encounters time and again how using the REO selling bank’s closing agent causes needless issues and delays for a settlement. For example, we Read More

Tucker’s Tips Tip 11-2016: Charlottesville Clerk’s Office Closed Thomas Jefferson’s birthday this year is on Wednesday, April 13th, 2016, and the Charlottesville City Clerk’s Office is closed that day. However, not ALL the local Clerk’s Offices are closed. The Albemarle, Fluvanna, Louisa and Greene County Clerk’s Offices will be open and available for recording on Read More

Make sure the settlement attorney knows of everyone who will be on the deed to the property, especially if they are not going to be on the loan. Individuals who are not going to be on the loan are sometimes not listed in the contract. (In short sale and REO transactions, the deed into the Read More

Tucker’s Tips Tip 8-2016: The TRID Experience – With the new TRID laws in place for over four months, Tucker’s Tips has made the following observations about how TRID is affecting settlements: 1. Closings are taking about a week longer than before TRID. (This experience is apparently not just in our area. They are taking Read More

Tucker’s Tips Tip 7-2016: Sharing Information Can Make TRID Easier – Navigating a closing with the new TRID laws can prove difficult, especially when completing the CD which requires more information than the HUD and/or GFE. Tucker’s Tips has found that including certain information in the Contract can help make the closing process under TRID Read More

Inclement weather causes delays in more than one way. Bad weather can cause Clerk’s Offices and other government agencies to close and as a result general delays in settlements. But now it can also cause delays regarding the 3-day requirements for CDs to be delivered to the purchaser. Due to weather, settlement agents and attorneys Read More

Due to recent updates in wire transfer guidelines, several major banks will not allow a client to wire funds out of their account to their Settlement Attorney unless the client goes to a local branch in person. A number of clients have bank accounts in institutions that are out of state, like US Bank or Read More

Main Contact Form

Name*

Email*

Phone*

City

State

How did you locate our site?

How would you like to be contacted?

Reason you would like to be contacted*

I agree to the terms in the disclaimer.*

Attorney Advertising. This website is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Attorney Advertising. This website is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Tucker Griffin Barnes P.C is located in Charlottesville, VA and serves clients in and around Charlottesville, Greenwood, Ivy, Earlysville, White Hall, Free Union, Crozet, Albemarle County and Charlottesville City County.

Attorney Advertising. This website is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. [ Site Map ]